Wärtsilä Q4’22: Growth and challenges

2022 offered a challenging operating landscape. Wärtsilä’s order intake decreased at quarterly level, while the company managed to increase its order intake and net sales for the full year. The comparable operating result was depressed by, e.g., depreciation related to Olkiluoto 1 and 2. The demand picture continues to look good, especially on the energy side. There is room for improvement, both in terms of cash flow and profitability. Wärtsilä’s CEO Håkan Agnevall sums up 2022 and looks ahead.

00:00 Introduction
00:18 Q4 and the year 2022
03:33 The impact of the inflation looking forward
04:33 Energy-storage: what drives the cost-structure, when profitable?
05:41 Climate targets
07:40 Business mix, service margins
09:45 IRA

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